Equinox Gold (NYSEAMERICAN:EQX) Stock Price Up 6.6% – Still a Buy?

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s stock price traded up 6.6% during mid-day trading on Wednesday . The stock traded as high as $6.35 and last traded at $6.34. 3,636,025 shares traded hands during trading, an increase of 14% from the average session volume of 3,187,529 shares. The stock had previously closed at $5.95.

Equinox Gold Stock Down 4.2 %

The stock has a market capitalization of $2.52 billion, a P/E ratio of 128.20 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The business had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. Research analysts expect that Equinox Gold Corp. will post 0.38 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

Several institutional investors have recently made changes to their positions in EQX. Van ECK Associates Corp increased its position in Equinox Gold by 7.7% during the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock worth $247,549,000 after buying an additional 2,954,174 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Equinox Gold by 35.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after acquiring an additional 4,727,570 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in Equinox Gold by 34.4% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock worth $55,842,000 after purchasing an additional 2,349,000 shares during the last quarter. Mackenzie Financial Corp boosted its position in Equinox Gold by 54.6% during the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock worth $46,732,000 after purchasing an additional 3,162,992 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Equinox Gold by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 7,805,581 shares of the company’s stock valued at $40,824,000 after purchasing an additional 597,182 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.